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28675535
28675536

8841 State Hwy 171, Godley, TX 76044

PL
TX TX 522087
Marcus & Millichap - Dallas
AM
TX 827715
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Dallas
$2,644,000
208 days on market
Updated 60 days ago

Godley Retail Center

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 8,150
Net Rentable (SqFt) 8,150
Units 8
Cap Rate 8%
NOI $211,546
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $324
Year Built 2022
Buildings 2
Acreage 0.780
Investment Type Stabilized

100% Occupied Flex Retail Center : New 2022 Construction with Metal Roof : Prime Highway Location

Marketing description

Godley Retail Center is an 8,150-square-foot, multi-tenant center comprised of two buildings featuring modern 2022 construction with a durable metal roof and siding, designed for minimal Landlord maintenance. Located at 8841 State Highway 171 in Godley, Texas, the property offers excellent visibility and access along a main commuter corridor connecting residential and commercial growth areas. The building sits on a 0.78-acre parcel and is 100 percent occupied with a mix of triple-net and modified gross leases. Designed with attractive façades, efficient layouts, and ample parking, the center provides a high-quality retail environment ideal for food, boutique, and service tenants.

The subject property is located on State Highway 171, the main southeast-northwest state highway in northeastern Texas. National and regional retailers in the area include O'Reilly Auto Parts, Subway, Dollar General, Chicken Express, McDonald's, and more. Godley Middle School and Godley High School are in close proximity to the property with an enrollment exceeding 1,450 students, cumulatively, providing additional traffic to the area. The average household income is $105,451 within three miles and $95,283 within five miles.

Investment highlights

  • 100% Occupied Flex Retail Center

    • The 8,150-Square-Foot Godley Retail Center is fully leased to a balanced mix of service-based tenants.

  • New 2022 Construction with Durable Design

    • Built in 2022, the center features two buildings with metal roofing and siding, modern façades, and energy-efficient systems, all designed for low maintenance.

  • Prime Highway Visibility and Accessibility

    • Strategically positioned along State Highway 171, Godley’s primary southeast–northwest thoroughfare, the center benefits from strong traffic exposure and easy ingress/egress. This high-visibility location supports a steady flow of customers to food, retail, and service tenants alike.

  • Affluent and Expanding Trade Area

    • Situated within the growing Johnson County submarket of the DFW Metroplex, the property draws from a rapidly expanding residential base with above-average household incomes. Nearby residential developments including Godley Ranch (+\-601 lots), Star Ranch (+\- 512 lots), Hadley Farms (+\-372 lots), Fox Hollow (+\-295 lots), and more.

Listing Contacts

PL
TX TX 522087
Marcus & Millichap - Dallas
AM
TX 827715
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Dallas

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$211,546.00
$17,628.83/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

Map

Zoning

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Last updated Jan 21, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Philip Levy
License
TX 522087
Name
Allie Munday
License
827715
Brokerage
Marcus & Millichap
Title
Associate
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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